Bitcoin Network hashrate increased 4% in the first two weeks of the month to an average of 937 exahasos per second (Eh/s)Wall Street Bank JPMorgan (JPM) He said in a research report on Monday.
The hashrate refers to the total combined computational power used to extract and process transactions in a chain of work test blocks, and is a proxy of competition in industry and mining difficulty.
The combined hashrada of the 13 miners trading in the United States, bank tracks increased 94% year -on -year, almost twice the 48% increase in the hashrate of the network. American miners now represent 33.6% of the global figure, the highest registered level.
“We estimate that the miners earned ~ $ 56,300 in revenue of daily block reward for EH/s during the first two weeks of the month, 2% less than last month,” wrote the analysts Reginald Smith and Charles Pearce.
The hashprice, a daily mining profitability measure, also fell 2% from the end of July, according to the report.
The total market capitalization of Bitcoin mining companies covered by the bank added 6% to $ 33.7 billion this month. High performance computing operators (HPC) The exhibition beat Terawulf (Wulf) announced a fluidstack placement agreement and an investment from the Internet giant Google (Goog).
Terawulf exploded higher in the first two weeks of August, with a gain of 74%. Riot platforms (RIOT) It did not have a lower yield with a 16%decrease, the report added.
Read more: Bitcoin’s mining profitability increased by 2% in July in the middle of BTC Price Rally, says Jefferies
